The foreign assets of the Central Bank of Oman amounted to 6.52 billion Omani riyals ($16.98 billion), a decline of 4.27 percent compared to the end of 2022.
The monthly statistical bulletin issued by the Central Bank of Oman showed that traditional bank lending in the Sultanate of Oman increased by 4.45 percent on an annual basis during the month of last November. The weighted average interest rates on loans in Omani Riyals also increased from 5.372 percent to 5.485 percent during the same period.
Nominal GDP decreased by 3.9 percent at the end of the third quarter compared to the same period last year. This contraction was driven by a decline in hydrocarbon sector production by 15.4 percent. As for the real domestic product, it recorded an increase of 0.2 percent.
Source (Al-Sharq Al-Awsat newspaper, edited)
